Marathon Oil (NYSE:MRO) PT Raised to $6.00 at UBS Group

Marathon Oil (NYSE:MRO) had its price target hoisted by UBS Group from $4.00 to $6.00 in a report published on Monday, BenzingaRatingsTable reports. The firm currently has a neutral rating on the oil and gas producer’s stock.

A number of other equities research analysts have also commented on MRO. Goldman Sachs Group lowered shares of Marathon Oil from a neutral rating to a sell rating and set a $6.00 price target for the company. in a report on Monday, June 22nd. Barclays restated a hold rating and issued a $6.00 price objective on shares of Marathon Oil in a report on Wednesday, March 25th. Bank of America restated a sell rating on shares of Marathon Oil in a report on Thursday, April 23rd. Argus lowered shares of Marathon Oil from a buy rating to a hold rating in a report on Wednesday, April 1st. Finally, R. F. Lafferty decreased their price objective on shares of Marathon Oil from $23.00 to $10.00 and set a buy rating for the company in a report on Tuesday, March 31st. Four equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have issued a buy rating to the stock. Marathon Oil has a consensus rating of Hold and a consensus target price of $11.00.

NYSE:MRO opened at $5.95 on Monday. The company has a fifty day moving average of $6.18 and a 200 day moving average of $8.02. Marathon Oil has a 52 week low of $3.02 and a 52 week high of $14.39. The company has a quick ratio of 1.27, a current ratio of 1.32 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $4.70 billion, a P/E ratio of 18.59 and a beta of 3.39.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.03). Marathon Oil had a net margin of 4.98% and a return on equity of 1.90%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, analysts anticipate that Marathon Oil will post -1.38 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. RMR Wealth Builders purchased a new stake in Marathon Oil during the 4th quarter valued at about $28,000. Orion Portfolio Solutions LLC purchased a new stake in Marathon Oil during the 4th quarter valued at about $34,000. Horizon Bancorp Inc. IN purchased a new stake in Marathon Oil during the 4th quarter valued at about $68,000. Quadrant Capital Group LLC grew its position in Marathon Oil by 115.1% during the 4th quarter. Quadrant Capital Group LLC now owns 7,102 shares of the oil and gas producer’s stock valued at $89,000 after purchasing an additional 3,801 shares during the last quarter. Finally, Cornerstone Advisors Inc. grew its position in Marathon Oil by 158.3% during the 1st quarter. Cornerstone Advisors Inc. now owns 7,510 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 4,603 shares during the last quarter. 81.21% of the stock is currently owned by institutional investors.

About Marathon Oil

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States and International. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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Analyst Recommendations for Marathon Oil (NYSE:MRO)

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